Ask Question
23 October, 06:08

Ben deposited $6500 in a simple interest account that pays 2.8% interest annually. If Ben leaves the money in the account for 12 years how much interest will he earn?

+2
Answers (1)
  1. 23 October, 07:50
    0
    Answer: $2184

    Step-by-step explanation:

    2.8% interest annaully

    Deposit $6500

    Annaully interest

    2.8% x $6500 / 100

    = $182

    Interest after 12 years.

    Principal x Rate x Time/100

    = $6500 x 2.8% x 12 / 100

    = $2184
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Ben deposited $6500 in a simple interest account that pays 2.8% interest annually. If Ben leaves the money in the account for 12 years how ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers